NZDUSD - Temporary Bounce A The Lows From May
The NZDUSD has been in a strong downtrend for the last several weeks.
There is nothing at this point suggesting that the trend is going to reverse.
At the end of last week price reached the low of May 2017 and has bounced a bit.
There is also a death cross on the Daily with the 40 EMA crossing over the 200 EMA.
This is on the watch list for the recent short term rally to resume its current down trend.
All the best!
Seth Gregory
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